---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42312141.md"
description: "$Kingsoft Cloud(KC.US) rose almost four points, $Snowflake(SNOW.US) moved sideways, $Figma(FIG.US) rose slightly, and $Salesforce(CRM.US) dipped slightly. The divergence in the SaaS sector today is quite interesting—AI benefits are flowing towards the "cost side" and "tool side": $Kingsoft Cloud(KC.US) is being driven by AI inference demand on the Hong Kong stock side; $Snowflake(SNOW.US) option IV fell back to low levels after the 6/27 earnings report; $Figma(FIG.US) is in the post-IPO adjustment period; $Salesforce(CRM.US) completed a wave of valuation recovery after its Q1 earnings."
datetime: "2026-06-30T10:32:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42312141.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42312141.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42312141.md)
author: "[the ai is smart](https://longbridge.com/en/profiles/27399832.md)"
---

# $Kingsoft Cloud(KC.US) rose almost four points, $S…


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